Question: Please Help me with this. Create a partnership contract or articles of co-partnership (include the manner on how profit or loss is allocated to partners)

Please Help me with this.

  • Create a partnership contract or articles of co-partnership (include the manner on how profit or loss is allocated to partners)
  • Assuming the partnership has its 1st year's operation data, prepare the following:
    • partnership's income statement
    • schedule showing allocation of profits
    • prepare schedule of changes in partners' equity

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